Dallas, Texas 09/08/2014 (FINANCIALSTRENDS) – Palo Alto Networks Inc (NYSE:PANW) the specialist cyber security player with threat detection in the mainstream vendor segment, has continued to remain ahead of the peer group, despite intense competition.
With the results of the second quarter results to be announced by late Tuesday, there is much anticipation on the start of a good third quarter. Analysts thus far see the network gaining EPS of $0.06, over previous performance of $0.11, a year ago.
However, analyst estimations have, in the past been overridden by Palo Alto Networks Inc (NYSE:PANW) by several basis points. Therefore, investors definitely anticipate a higher than estimated earnings filing by this networking security player.
The filings thus far report that Palo Alto has been successful on the revenues for the last quarter of the fiscal with a huge gain of 43% as the numbers returned are to the tune of $161.25 million.
Palo Alto Networks Inc (NYSE:PANW) like other players in this sector is watchful as bank after retail store report data breach. Though the main player with an interest in the largest segment of network security appears to be Check Point Software Technologies, other players such as PANW remain competitive as they marshal talent and skills!
The increase of cyber-attacks in the past few months has definitely brought the internet security service providers to focus. Apart from Palo Alto other players such as FireEye Inc are specially addressing the preventive measures possible during such attacks, while players such as Check Pint are looking at tapping directly into cross-platform cyber-security measures.
As Brad Curran, an analyst at consulting firm Frost & Sullivan in San Antonio shares, “Every time Target or Home Depot or a nuclear power plant or even the U.S. government is breached and it’s in the news, that’s a driver for this market.” Palo Alto is expected to surge ahead with the positive turn towards data security due to perceived intelligence threats!